Mercer International Inc., a global producer of market pulp and solid wood products with mills in Canada, Germany, and Australia has agreed to acquire all of the outstanding shares of the parent company of HIT for consideration of €270 million (approx. $275.4 million).
Mercer Mass Timber LLC., a subsidiary of the Vancouver, British Columbia-based Mercer International Inc., a global producer of market pulp and solid wood products with mills in Canada, Germany, and Australia, plans to invest $50 million over the next two years in capital projects at its Spokane Valley mass timber manufacturing facility.
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